UAE's Adnoc signs $920m deal to expand AI program

Energy company Adnoc has awarded a US$920 million contract to enhance its AI-driven well digitalization program in key oilfields in Abu Dhabi.

The project will remotely control and monitor over 2,000 wells at Bab, Bu Hasa, and South East fields, aiming to boost operational efficiency and safety.

Jereh Oil and Gas Engineering secured the contract from Adnoc Onshore, Adnoc’s onshore subsidiary.

The project completion is expected by 2027, using Adnoc’s 5G network and AI technologies

Recent Adnoc developments

Timeline
05-Nov-2024 ⚡ UAE state-owned oil company to push AI in energy sector Adnoc partners with AIQ to advance energy AI. AI aims to enhance seismic surveys and forecasts.
22-Jun-2023 📈 In 50 Words: Abu Dhabi’s ADNOC, G42 explore potential IPO for joint venture AI firm AIQ ADNOC and G42 discuss AIQ IPO plans AIQ appoints new CFO amid IPO talks
24-Nov-2022 🚀 FinAccel adds former Grab, Shopee execs to leadership team FinAccel appoints new executives to boost growth. Krom Bank rebrand supports expansion in Indonesia.

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Recent Adnoc developments

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